The equilibrium point for the pair of demand and supply function is 100
We have been two linear function, one is linear supply function and other is linear demand function.
In general , linear supply function is given as:
Qs = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
And linear demand function is given is :
Qd = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
According to the question,
Linear supply function is q = 300 + 5x
And linear demand function is q = 4800 – 40x
To find the equilibrium point we will put two quantities equal, that is,
Qs = Qd
300 + 5x = 4800 – 40x
5x + 40x = 4800 – 300
45x = 4500
x = 100
Hence the equilibrium point is 100
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Answer: 16, 18
Step-by-step explanation:
16 + 18 = 34
Answer:
2
Step-by-step explanation:
6, because there's 3 types of even die and you're rolling it 44 times, or 6 times per number
Answer:
While 3/4 and 6/8 are equivalent fractions, 3/4 and 6/8 of a pizza could represent different amounts.
Answer:
3 students are eating lunches other than salads and sandwiches.
Step-by-step explanation:
To solve this you know that there are 18 students in the cafeteria and 1/6 of them are eating salads and 2/3 are eating sandwiches right? So you would have to think about what 1/6 of 18 is so you know how many students are eating salads, and 1/6 of 18 is 3 so there are 3 students eating salads. Now, you have to find out how many students are eating sandwiches, so you need to know what 2/3 of 18 is. 2/3 of 18 is 12 so now you also know that there are 12 students eating sandwiches. Next, you have to add 12 and 3 and you get 15. Since you know that there are 18 students in the cafeteria, you have to subtract 18 by 15, and you should get 3. So 3 students are eating lunches other than salads or sandwiches.
Hope this helps you! :D